Indian Card Clothing Company has informed that the Company has sold 2nd floor of the ICC Devi Gaurav Technology Park, Pimpri, Pune admeasuring 47,867 Sq. Ft. on April 30, 2016 for a consideration of Rs 21 Crores. In view of the fact that the transaction involved the sale of only one of the assets of the Company, the Company is of the opinion that this is not a material event which required immediate reporting to the exchanges under the captioned Regulation. However, as a matter of abundant caution and in order to follow the spirit of the Regulation.
The above information is a part of company’s filings submitted to BSE.
